Average Tellers Salary in Indianapolis-Carmel-Greenwood, IN
Tellers in the Indianapolis-Carmel-Greenwood, IN area earn an average annual salary of $41,490. This figure is slightly above the national average of $40,940, indicating a competitive compensation landscape. Local economic factors and demand within the financial sector likely contribute to this favorable pay.
Executive Summary
- Average Salary: $41,490 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,990.
- Outlook: With a local workforce of 2,520 Tellers and a Location Quotient of 1.04, the Indianapolis-Carmel-Greenwood, IN market demonstrates a healthy concentration of these roles, suggesting stable demand. The number of jobs per 1,000 workers (2.294) further reinforces the presence of a robust job market for Tellers in this metropolitan area.
Salary Overview
The average Tellers in Indianapolis-Carmel-Greenwood, IN earns+1.3%above the national average.
$20
$798
$3,458
Tellers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Tellers' salaries in Indianapolis-Carmel-Greenwood, IN have experienced steady growth over the past four years, mirroring national trends in the financial services sector. This growth is typically driven by inflation, increased responsibilities, and evolving customer service demands.
Tellers Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Salary progression for Tellers in Indianapolis-Carmel-Greenwood, IN typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior Tellers with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,490 | $17.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $31,118 | $15 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $41,760 | $20.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $51,863 | $24.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $46,990 | $22.6 |
Detailed Tellers Market Analysis
Relocation Context
Nominal Salary
$41,490
Gross Pay
Real Wage (Purchasing Power)
$41,490
Adjusted for COL (100)
The average annual salary of $41,490 in Indianapolis-Carmel-Greenwood, IN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Teller's salary in this region is equivalent to the national average, offering a balanced financial standing for residents.
Job Market Context
2,520
Total Jobs
2.294
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Indianapolis-Carmel-Greenwood, IN has a slightly higher-than-average concentration of Tellers roles compared to the national norm.
A Location Quotient of 1.04 indicates that Tellers are slightly more concentrated in the Indianapolis-Carmel-Greenwood, IN area compared to the national average. This suggests a healthy and slightly more abundant job market for Tellers, potentially offering more opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Tellers
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Tellers Salary | $36,890↓ 11% | 8 mi |
| Southern Indiana nonmetropolitan area Tellers Salary | $38,240↓ 8% | 8 mi |
| Central Indiana nonmetropolitan area Tellers Salary | $37,570↓ 9% | 8 mi |
| Columbus, IN Tellers Salary | $37,840↓ 9% | 41 mi |
| Bloomington, IN Tellers Salary | $38,810↓ 6% | 47 mi |
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
Hiring Tellerss?
Frequently Asked Questions
How much does a Tellers make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Tellers in Indianapolis-Carmel-Greenwood, IN is $41,490. This typically ranges from $36,490 for entry-level positions to $46,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 1.3% higher than the national median of $40,940.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Tellers?
Yes, it offers competitive compensation.The average Teller salary of $41,490 slightly exceeds the national average, and the Cost of Living Index is at the national average, indicating good purchasing power.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Tellers?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($36,890) and Southern Indiana nonmetropolitan area.
How does the Indianapolis Teller salary compare to the national average?
The average annual salary for Tellers in Indianapolis-Carmel-Greenwood, IN is $41,490, which is slightly higher than the national average of $40,940.
What is the Cost of Living in Indianapolis-Carmel-Greenwood, IN for Tellers?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100, which is exactly the national average, meaning your salary has average purchasing power.
How concentrated are Teller jobs in Indianapolis-Carmel-Greenwood, IN?
The Location Quotient of 1.04 suggests that Teller jobs are slightly more concentrated in this area than the national average, indicating a healthy job market.
What is the total number of Tellers in the Indianapolis-Carmel-Greenwood, IN area?
There are approximately 2,520 Tellers employed in the Indianapolis-Carmel-Greenwood, IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,520 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 2.294 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Tellers • Data source: BLS OEWS 2024 •Jobs in Indianapolis-Carmel-Greenwood, IN